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February 10, 2014
11:31 EDTCARAvis Budget launches Avis Direct used car sales program
Avis Budget Group introduced Avis Direct, a used car sales program exclusively for licensed automobile dealers. The initiative offers dealers a selection of late-model, off-rental vehicles for purchase from Avis, Budget, Payless and Zipcar with no enrollment or purchase fees, the company said.
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September 29, 2015
15:03 EDTCARAvis Budget CFO says 'aggressive' in repurchasing shares recently
Avis Budget CFO David Wyshner, speaking earlier at the Deutsche Bank Leveraged Finance Conference, said that the company saw strong summer rental volumes in continental Europe that slightly exceeded its projections. In the Americas, the company had positive volume growth in the summer that was consistent with first half trends and with a modestly growing economy, Wyshner added, according to a transcript. Wyshner said the car rental industry has seen "real progress" in terms of the being right fleeted in the U.S. for the first time in almost a year and the used car market has been "healthy." Pricing for the Avis and Budget brands in the U.S. was up a fraction of a point during the summer, consistent with what the company said previously about July, the CFO noted. Wyshner also said Avis Budget been "aggressive" in repurchasing shares recently, stating that its Q3 share repurchases will total more than $150M.

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